Member Info for ocelot

If ANGS's Saltfleetby sidetrack is successful - and they should know pretty soon now - , then they should be generating a lot of cash and, because of tax, looking to invest that cash in one or more UK oil and/or gas project(s).
George Lucan is on record as describing Loxley as an "attractive" asset.

The median salary for(AIM) CEOs in 2022 is £386,000 (EP).

Arranged during the session.

Agree, metrics are only part of the story here.

Am hoping success with the sidetrack will lead to a fundamental (and long overdue) reassessment of Angus and of its management's ambitions for the future.

Stephen Sanderson UKOG's Chief Executive commented:

"Although UKOG has a modest interest in Horndean, the CPR amply demonstrates that it continues to provide valuable earnings for the Company. We concur with the operator that the new pump upgrade should improve production rates, lower operating costs and, if oil prices remain around their current levels, potentially make Horndean more profitable than in 2022."

annual figures to 30/09/22 to be released by 31/03.

A filtered poster has chosen to given prominence to my name - many thanks.

"Angus is focused on becoming a leading player in the aggregation, production and storage of energy".

Angus is an ambitious company. Of course, it's not enough to have ambition, one also has to realise that ambition (and take the market with you in the process).

Let's see how management progresses.

GL has suggested a market cap of £100m as a level at which IIs may become more involved.

There is no hope in the share price for the present so, in the event of success in Turkey or elsewhere, the upside potential is substantial.

Reduces the range of prices so reduces the likelihood of a range of different projections.

The recent more modest price of natural gas may facilitate discussions re the farm-out of Loxley:

front month back over 100p at 101.65p
Winter 23: 130.50p
Winter 24: 133p.

https://www.theice.com/products/910/UK-NBP-Natural-Gas-Futures/data?marketId=5419490

front month back over 100p at 101.65p
Winter 23: 130.50p
Winter 24: 133p.

https://www.theice.com/products/910/UK-NBP-Natural-Gas-Futures/data?marketId=5419490

They've brought in M&A experience so we may be heading towards some active external growth.

JohnHenry,

No objection at all to the expression of prudence, have myself under-estimated very considerably the length of time taken to get to where we are today.

Saltfleetby has taken way longer than anticipated, think management may be champing at the bit to move forward with their plans, look forward to their next moves.

There's a reason ANGS have added to their management expertise over recent times.

Saltfleetby is, of course, very important to the company but the company's ambitions stretch beyond Saltfleetby.

This is, technically, positive for the share making it more liquid:

Significant Shareholdings
The Company is aware of the following persons with voting rights representing 3% or more of the issued share capital of the Company:
Alba Mineral Resources plc – 44.67%
Kadupul Limited – 15.63%
Monecor (London) Limited, trading as OvalX – 5.27%
The percentage of securities not in public hands is 61.20% ...
Updated: 9 March 2023

Production in 2027 at Amitsoq is the time-scale they had already indicated.

Look at the timing, identical: to me, it looks like 1 trade plus a duplicate which has been cancelled.

About 1,400 oil services workers are in favor of walkouts
No date has been set yet for action to start, union says
ByRachel Graham
20 March 2023 at 11:23 GMT

The UK’s production of oil and natural gas could be at risk from strike action in the coming weeks, according to the Unite union.

The walkouts will affect dozens of platforms operated by companies including BP Plc, Shell Plc and TotalEnergies SE, the union said in a statement. No date has been set yet for the start of the labor action that was approved by 1,400 workers ...

https://www.bloomberg.com/news/articles/2023-03-20/uk-oil-and-gas-output-under-threat-as-workers-vote-to-strike?srnd=premium-europe&sref=Em01M8Hr